Where are your properties located?
Have you talked to any local banks?
Those are Fannie Mae and Freddie Mac rules. A local portfolio lender (like a small bank or credit union) may make up their own rules, but generally that's what you're going to find across the board. If a lender is going to sell those loans onto the secondary market, they're going to need 6 months to use the appraised value.
There are other lenders that will do no seasoning, but the rate and fees are generally higher. Stick to the Fannie and Freddie loans for as long as you qualify and then venture into the next tier of lender for no seasoning loans. Factor the carrying charge into your cash flow and talk to a lender early so you're ready to refinance after month 6.
Hope that helps
Thank you Stephanie and Andrew. I bought these houses in northern Indiana. I paid cash for them. Andrew I will read that article today. Thank you!
I have a local bank that will refi at 80% LTV at any time. Suggest you talk with small locals.